always a pleasure to see you. this is a company that almost collapsed two years ago. why is it filing for bankruptcy in the united states? i think it is a legal move. the debt restructuring talks were already going on with hong kong, cayman islands, word has holding companies. the advantage for evergrande to file for bankruptcy in america is a gives it some protection against us creditors for the duration of that court process. i5 creditors for the duration of that court process- court process. is there a lot of exoosure court process. is there a lot of exoosure for court process. is there a lot of exposure for foreign court process. is there a lot of. exposure for foreign companies court process. is there a lot of- exposure for foreign companies here? i think there is a certain amount of exposure. there are enormous amounts of debts, large amounts of the offshore bonds have lost their value and i believe many of the less risk taking investors already sold their offshore bonds a
during the crisis even i had 1a chefs inside my kitchen. right now i have only two. i am recruiting weekly. as a businessman i do not see a clear future right now. in 2022 more than 300,000 left the country in search of a better future. the highest migration in sri lanka s history. the brain drain of the most skilled, like the doctors, paramedical staff, chefs, it professionals, is leaving a critical gap that economists worry can affect the country s economic recovery. government says imf financial support is helping stabilise the economy. the present concern from the current government is to finalise debt restructuring talks before the imf review in september. the government is proposing its foreign lenders take a 30% cut on the principal amount owed. now, getting the bilateral creditors, especially china,
has left the country. during the crisis, even i had ia chefs inside my kitchen. right now i have only two. i am running daily advertisements, so i m recruiting weekly. as a businessman, i don t see a clear future right now. in 2022, more than 300,000 left the country in search of a better future, the highest migration in sri lanka s history. the brain drain of the most skilled, like the doctors, paramedical staff, chefs, it professionals, is leaving a critical gap that economists worry can affect the country s economic recovery. government says imf s financial support is helping stabilise the economy. the present concern for the ranil wickremesinghe government, however, is to finalise debt restructuring talks before the imf review in september.
economists worry can affect the country s economic recovery. government says imf s financial support is helping stabilise the economy. the present concern for the ranil wickremesinghe government, however, is to finalise debt restructuring talks before the imf review in september. the government in sri lanka is proposing its foreign lenders take a 30% cut on the principal amount owed. now getting the bilateral creditors, especially china, to agree on these terms, will be crucialfor sri lanka to get the next tranche of the imffunding in october. the us regulator the federal trade commission is to appeal a decision to allow microsoft to proceed with its $69 billion dollar takeover of games publisher activision blizzard. earlier this week, the ftc s request to block the takeover was rejected
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